Thrivent Financial for Lutherans Sells 697 Shares of La-Z-Boy Incorporated (NYSE:LZB)

Thrivent Financial for Lutherans lowered its stake in shares of La-Z-Boy Incorporated (NYSE:LZB) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,411 shares of the company’s stock after selling 697 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of La-Z-Boy worth $1,412,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Street Corp raised its position in La-Z-Boy by 0.4% in the 3rd quarter. State Street Corp now owns 1,672,009 shares of the company’s stock worth $71,779,000 after purchasing an additional 6,925 shares during the period. William Blair Investment Management LLC grew its stake in shares of La-Z-Boy by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 999,523 shares of the company’s stock valued at $43,549,000 after buying an additional 24,125 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of La-Z-Boy by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 801,140 shares of the company’s stock worth $34,906,000 after buying an additional 22,168 shares during the period. Systematic Financial Management LP lifted its stake in shares of La-Z-Boy by 9.4% in the 3rd quarter. Systematic Financial Management LP now owns 563,684 shares of the company’s stock valued at $24,199,000 after acquiring an additional 48,263 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in La-Z-Boy by 2.0% during the 4th quarter. Bank of New York Mellon Corp now owns 471,642 shares of the company’s stock valued at $20,549,000 after acquiring an additional 9,383 shares during the period. 99.62% of the stock is owned by institutional investors.

La-Z-Boy Price Performance

LZB opened at $38.69 on Monday. The stock’s 50 day simple moving average is $43.41 and its 200 day simple moving average is $42.85. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 13.30 and a beta of 1.38. La-Z-Boy Incorporated has a 1 year low of $32.00 and a 1 year high of $48.31.

La-Z-Boy (NYSE:LZB) last issued its earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. The firm had revenue of $521.78 million for the quarter, compared to analysts’ expectations of $516.47 million. As a group, sell-side analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Tuesday, March 4th. La-Z-Boy’s payout ratio is 30.24%.

La-Z-Boy Profile

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures, and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, entertainment centers, and occasional pieces.